Deutsche Bank Aktiengesellschaft Reaffirms “Sell” Rating for Greggs (LON:GRG)

Greggs (LON:GRG)‘s stock had its “sell” rating reiterated by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,330 ($18.15) price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 21.76% from the stock’s previous close.

GRG has been the subject of several other reports. Shore Capital reaffirmed a “buy” rating on shares of Greggs in a research report on Tuesday, May 20th. Berenberg Bank dropped their target price on shares of Greggs from GBX 3,250 ($44.36) to GBX 3,040 ($41.49) and set a “buy” rating for the company in a research report on Wednesday.

Greggs Trading Up 1.5%

LON:GRG opened at GBX 1,700 ($23.20) on Thursday. The company has a 50-day moving average price of GBX 1,942.59 and a 200-day moving average price of GBX 2,042.66. Greggs has a 12 month low of GBX 1,645 ($22.45) and a 12 month high of GBX 3,250 ($44.36). The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The stock has a market cap of £1.71 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie purchased 64 shares of the stock in a transaction that occurred on Saturday, June 14th. The stock was bought at an average cost of GBX 2,791 ($38.09) per share, with a total value of £1,786.24 ($2,437.89). 5.89% of the stock is currently owned by company insiders.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.